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Posted September 2nd, 2007 by RachelEcomagination puts into practice GE’s belief that financial and environmental performance can work together to drive company growth, while taking on some of the world’s biggest challenges.
GE's four commitments to a better environmental performance are:
Double Investments in Clean R&D
GE is growing its research in cleaner technologies from $900 million in 2006 to $1.5 billion in 2010. GE is investing in energy technologies—from renewables to hydrogen to the next generation of nuclear power. Some of the eco-technologies GE is working on are renewable energy initiatives, wind energy, photovoltaics, biofuels, geothermal and waste heat, hydrogen energy, cleaner coal, transportation initiatives, energy efficiency initiatives, and water use and purification initiatives.
Ecomagination-Certified Products
GE employs a rigorous qualification process to effectively certify new products for ecomagination. GE’s process began with establishing a clear standard for ecomagination products based on two criteria: improve customers’ operating performance or value proposition, and significantly and measurably improve customers’ environmental performance.
Reduce Greenhouse Gas Emissions
GE’s plan to improve the energy efficiency of its operations and reduce the company's greenhouse gas emissions is called 1-30-30. The “1” reflects the percentage by which GE will reduce its absolute GHG emissions worldwide by 2012. GE is also committed to reduce the intensity of its GHG emissions 30 percent by 2008 and improve energy efficiency 30 perecnt by the end of 2012.
Keep the Public Informed
As part of GE’s overall corporate effort to improve transparency, the company now issues an annual Citizenship report to track environmental and social responsibility goals. In 2007, the Ecomagination report will be included in that report.
- Appliances
- biofuels
- certified products
- cleaner technologies
- ecomagination
- Electronics
- Energy
- energy efficiency initiatives
- energy photovoltaics
- energy technologies
- environmental performance
- ghg emissions
- greenhouse gas emissions
- hydrogen energy
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